HYBI vs. KNRG

Last updated Jun 4, 2026

HYBI (NEOS Enhanced Income Credit Select ETF) and KNRG (Simplify Kayne Anderson Energy and Infrastructure Credit ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past year, HYBI returned 7.35% vs 9.32% for KNRG. A 0.72 correlation means they provide meaningful diversification when combined. HYBI charges 0.68%/yr vs 0.76%/yr for KNRG.

Performance

HYBI vs. KNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income Credit Select ETF (HYBI) and Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYBI achieves a 1.56% return, which is significantly lower than KNRG's 2.38% return.

HYBI

• 1D: -0.24%
• 1M: 0.27%
• YTD: 1.56%
• 6M: 2.01%
• 1Y: 7.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KNRG

• 1D: -0.13%
• 1M: 0.47%
• YTD: 2.38%
• 6M: 2.49%
• 1Y: 9.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYBI vs. KNRG - Yearly Performance Comparison

	2026 (YTD)	2025
HYBI NEOS Enhanced Income Credit Select ETF	1.56%	6.29%
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	2.38%	7.33%

Correlation

The correlation between HYBI and KNRG is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 29, 2025	0.72

The correlation between HYBI and KNRG has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

HYBI vs. KNRG - Sectors Allocation Comparison

Sectors	HYBI	KNRG
Technology	35.6%	-
Financial Services	11.8%	-
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.6%	-
Utilities	2.3%	100.0%
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

HYBI vs. KNRG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYBI

HYBI Risk / Return Rank: 78
HYBI Sharpe Ratio Rank: 69
HYBI Sortino Ratio Rank: 77
HYBI Omega Ratio Rank: 74
HYBI Calmar Ratio Rank: 88
HYBI Martin Ratio Rank: 83

KNRG

KNRG Risk / Return Rank: 82
KNRG Sharpe Ratio Rank: 83
KNRG Sortino Ratio Rank: 88
KNRG Omega Ratio Rank: 89
KNRG Calmar Ratio Rank: 70
KNRG Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYBI vs. KNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HYBI	KNRG	Difference
Sharpe ratio Return per unit of total volatility	2.29	2.66	-0.37
Sortino ratio Return per unit of downside risk	3.51	3.99	-0.48
Omega ratio Gain probability vs. loss probability	1.45	1.56	-0.12
Calmar ratio Return relative to maximum drawdown	5.17	3.46	+1.71
Martin ratio Return relative to average drawdown	16.91	16.11	+0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYBI vs. KNRG - Sharpe Ratio Comparison

The current HYBI Sharpe Ratio is 2.29, which is comparable to the KNRG Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of HYBI and KNRG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYBI	KNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.66	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	2.77	-1.80

Drawdowns

HYBI vs. KNRG - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, which is greater than KNRG's maximum drawdown of -2.71%. Use the drawdown chart below to compare losses from any high point for HYBI and KNRG.

Drawdown Indicators

	HYBI	KNRG	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-2.71%	-1.97%
Max Drawdown (1Y) Largest decline over 1 year	-1.43%	-2.71%	+1.28%
Current Drawdown Current decline from peak	-0.24%	-0.13%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.62%	-0.34%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.58%	-0.14%

Volatility

HYBI vs. KNRG - Volatility Comparison

NEOS Enhanced Income Credit Select ETF (HYBI) has a higher volatility of 0.98% compared to Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) at 0.74%. This indicates that HYBI's price experiences larger fluctuations and is considered to be riskier than KNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYBI	KNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.74%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	2.13%	2.17%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	3.54%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	3.53%	+1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	3.53%	+1.41%

HYBI vs. KNRG - Expense Ratio Comparison

HYBI has a 0.68% expense ratio, which is lower than KNRG's 0.76% expense ratio.

Dividends

HYBI vs. KNRG - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.37%, more than KNRG's 6.95% yield.

Position	TTM	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	6.95%	4.22%	0.00%

Frequently Asked Questions

Can I hold both HYBI and KNRG in my portfolio?

HYBI and KNRG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYBI or KNRG?

HYBI has higher volatility (0.98%) compared to KNRG (0.74%). In terms of maximum drawdown, HYBI dropped -4.68% vs KNRG's -2.71%.

Which ETF is better, HYBI or KNRG?

On 1-year performance, KNRG leads with 9.32% vs 7.35% for HYBI. On fees, HYBI is cheaper at 0.68% per year. On volatility, KNRG has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYBI or KNRG?

Over the 1-year period, KNRG has performed better with a 9.32% return vs 7.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYBI or KNRG?

HYBI is cheaper with a 0.68% expense ratio, compared with 0.76% for KNRG.

Which ETF pays a higher dividend yield, HYBI or KNRG?

HYBI has the higher dividend yield at 8.37%, compared with 6.95% for KNRG.

What is the main difference between HYBI and KNRG?

They also come from different issuers: Neos and Simplify. Their fees differ too: 0.68% for HYBI and 0.76% for KNRG.

Which has better risk-adjusted returns?

KNRG currently has the higher Sharpe Ratio (2.66 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.